Sprott Inc. (TSE:SII - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$58.95 and traded as low as C$58.00. Sprott shares last traded at C$59.09, with a volume of 40,700 shares changing hands.
Analyst Ratings Changes
Separately, TD Securities reduced their price objective on Sprott from C$74.00 to C$73.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th.
Read Our Latest Analysis on Sprott
Sprott Price Performance
The company has a market cap of C$1.50 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of -3.34 and a beta of 1.45. The company's 50-day simple moving average is C$59.93 and its 200-day simple moving average is C$58.95. The company has a debt-to-equity ratio of 9.19, a current ratio of 3.02 and a quick ratio of 2.89.
Sprott Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.03%. This is a positive change from Sprott's previous quarterly dividend of $0.25. The ex-dividend date is Monday, November 18th. Sprott's payout ratio is presently 61.64%.
Sprott Company Profile
(
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Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.
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